Great post. The outcry from the NN supporters is ridiculous, considering we're not in uncharted territory w/o the regulations. Sure, ISPs can try and abuse the system. But the markets can sort that out. More than anything else, these ISPs care about their bottom line.
Unfortunately, NN supporters are correct, to some extent, when they say that some ISPs have close to a monopoly in some areas (though, they exaggerate). However, many of those monopolies were enabled through collusion with the government. Either they were subsidized, or competition was stifled. I don't think more government control solves the problem.
As an aside, the video Ajit Pai put out was ridiculous, and had to be him trolling.
Also, I despise the term "Net Neutrality". It's reminiscent of 1984 terminology, like the ministry of truth, or today's parallels like "The Patriot Act" or "Affordable Care Act".